SWX:GEBNBuilding
Geberit (SWX:GEBN) Stock Commands A Premium After Margin Strength Holds
Geberit stock went into these results priced for quality plumbing perfection, trading on a rich 30.8x P/E and already up double digits over the past three months. The company then delivered what the thesis demands. Earnings grew over the last twelve months, margins stayed high with a 19.2% net profit margin, and management reaffirmed guidance for mid single digit sales and earnings growth.
The twist for investors now is not whether Geberit is executing. Instead, it is whether this level of...